Profund Advisors LLC Boosts Stock Position in Autodesk, Inc. $ADSK

Profund Advisors LLC lifted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 12.1% in the second quarter, Holdings Channel.com reports. The firm owned 19,806 shares of the software company’s stock after buying an additional 2,142 shares during the period. Profund Advisors LLC’s holdings in Autodesk were worth $6,131,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. SouthState Corp boosted its holdings in shares of Autodesk by 500.0% in the 1st quarter. SouthState Corp now owns 96 shares of the software company’s stock valued at $25,000 after buying an additional 80 shares in the last quarter. Costello Asset Management INC purchased a new stake in shares of Autodesk during the first quarter worth about $26,000. Close Asset Management Ltd purchased a new position in shares of Autodesk in the first quarter valued at approximately $27,000. Cheviot Value Management LLC purchased a new stake in shares of Autodesk during the first quarter worth $27,000. Finally, Flaharty Asset Management LLC purchased a new position in Autodesk in the 1st quarter worth approximately $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK opened at $297.18 on Monday. The stock has a 50-day simple moving average of $313.79 and a 200-day simple moving average of $301.43. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.76 and a current ratio of 0.76. Autodesk, Inc. has a 1 year low of $232.67 and a 1 year high of $329.09. The stock has a market capitalization of $63.30 billion, a PE ratio of 61.53, a PEG ratio of 2.63 and a beta of 1.51.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 28th. The software company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($0.99). The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.72 billion. Autodesk had a net margin of 15.75% and a return on equity of 51.23%. The firm’s revenue was up 17.1% compared to the same quarter last year. During the same period last year, the business earned $2.15 EPS. Autodesk has set its FY 2026 guidance at 9.800-9.980 EPS. Q3 2026 guidance at 2.480-2.510 EPS. On average, analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In related news, EVP Rebecca Pearce sold 6,129 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $323.06, for a total value of $1,980,034.74. Following the transaction, the executive vice president directly owned 13,311 shares of the company’s stock, valued at $4,300,251.66. This trade represents a 31.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Steven M. Blum sold 22,420 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $323.75, for a total transaction of $7,258,475.00. Following the completion of the transaction, the executive vice president owned 13,099 shares of the company’s stock, valued at $4,240,801.25. This represents a 63.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 35,386 shares of company stock worth $11,433,201 over the last 90 days. 0.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Autodesk from $360.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Stifel Nicolaus increased their target price on shares of Autodesk from $350.00 to $375.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Berenberg Bank set a $370.00 price target on shares of Autodesk in a research report on Monday, September 1st. Piper Sandler upped their price objective on shares of Autodesk from $361.00 to $373.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Finally, Mizuho lifted their target price on shares of Autodesk from $350.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $359.13.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.